On average, listings lease in the $30's per square foot per year. The Music Row region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Nashville market, the Music Row region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Music Row are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,320 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1981 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Music Row folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.